Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Fridrik Skulason who wrote (6290)	12/22/1997 7:13:00 PM
From: Gorak Shep	Read Replies (1) of 16892

Fridrik, #1 How much does Datek charge for trades bigger than 5000 shares ? $9.99 for the first 5,000, $9.99 for the next 5,000, etc. So 5,001 to 10,000 cost $19.98. #2 "Purchasing power". This is one of the places where Datek shines. Your account is updated immediately as each transaction is completed. And your purchasing power is a function of your current cash and marginable stock position. There are no constraints regarding what you did earlier in the day other than what balance it has left you.

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